Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Sold by Aviso Wealth Management

Aviso Wealth Management cut its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 17.2% during the third quarter, HoldingsChannel.com reports. The fund owned 44,110 shares of the bank’s stock after selling 9,163 shares during the period. Aviso Wealth Management’s holdings in Huntington Bancshares were worth $648,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HBAN. Quest Partners LLC boosted its stake in Huntington Bancshares by 1,093,900.0% during the third quarter. Quest Partners LLC now owns 21,880 shares of the bank’s stock worth $322,000 after buying an additional 21,878 shares during the last quarter. AMG National Trust Bank acquired a new position in Huntington Bancshares during the third quarter worth $1,270,000. Aljian Capital Management LLC acquired a new position in Huntington Bancshares during the third quarter worth $212,000. Thrivent Financial for Lutherans boosted its stake in Huntington Bancshares by 9.9% during the third quarter. Thrivent Financial for Lutherans now owns 127,518 shares of the bank’s stock worth $1,877,000 after buying an additional 11,452 shares during the last quarter. Finally, Claro Advisors LLC acquired a new position in Huntington Bancshares during the third quarter worth $305,000. 80.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on HBAN. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 price objective on shares of Huntington Bancshares in a research note on Friday, October 18th. DA Davidson lifted their target price on Huntington Bancshares from $16.50 to $17.50 and gave the company a “buy” rating in a research report on Monday, October 21st. Morgan Stanley lifted their target price on Huntington Bancshares from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Barclays lifted their target price on Huntington Bancshares from $15.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Finally, Evercore ISI boosted their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Huntington Bancshares presently has an average rating of “Moderate Buy” and an average target price of $16.09.

Insider Activity at Huntington Bancshares

In related news, insider Helga Houston sold 6,455 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $15.43, for a total value of $99,600.65. Following the completion of the transaction, the insider now directly owns 558,342 shares of the company’s stock, valued at $8,615,217.06. This represents a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Scott D. Kleinman sold 28,600 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the transaction, the vice president now directly owns 496,076 shares of the company’s stock, valued at $8,765,662.92. This trade represents a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,699 shares of company stock valued at $757,356 over the last three months. 0.89% of the stock is owned by corporate insiders.

Huntington Bancshares Stock Up 0.9 %

HBAN stock opened at $17.69 on Monday. The company’s 50 day moving average price is $15.38 and its 200 day moving average price is $14.34. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. Huntington Bancshares Incorporated has a fifty-two week low of $10.73 and a fifty-two week high of $17.97. The firm has a market capitalization of $25.70 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 3.53 and a beta of 1.03.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the firm earned $0.36 earnings per share. On average, equities research analysts anticipate that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio (DPR) is 59.62%.

Huntington Bancshares Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.